Monthly Archives: July 2013

18
Jul
2013

India Gold Imports To Rise 5% To Over 900 Tonnes In 2013


Today’s AM fix was USD 1,279.75, EUR 975.79 and GBP 842.00 per ounce.
Yesterday’s AM fix was USD 1,284.25, EUR 977.29 and GBP 845.68 per ounce.

Gold fell $16.70 or 1.29% yesterday and closed at $1,275.70/oz. Silver dropped $0.70 or 3.5% and closed at $19.32. 

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17
Jul
2013

Cyprus Resists International Pressure To Sell Gold Reserves

Today’s AM fix was USD 1,284.25, EUR 977.29 and GBP 845.68 per ounce.
Yesterday’s AM fix was USD 1,286.00, EUR 983.03 and GBP 853.24 per ounce.

Gold rose $7.40 or 0.58% yesterday and closed at $1,292.40/oz. Silver gained $0.06 or 0.3% and closed at $20.02. 

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16
Jul
2013

Premiums High In China and India – China Gold Deliveries Double

Today’s AM fix was USD 1,286.00, EUR 983.03 and GBP 853.24 per ounce.
Yesterday’s AM fix was USD 1,281.25, EUR 983.08 and GBP 850.65 per ounce.

Gold rose $0.50 or 0.04% yesterday and closed at $1,285.00/oz. Silver gained $0.07 or 0.35% and closed at $19.96. 

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15
Jul
2013

Cash For Gold ‘Giveaway’ – As ‘Cash Strapped’ Europeans Sell Jewellery Amid Asian ‘Gold Rush’

Today’s AM fix was USD 1,281.25, EUR 983.08 and GBP 850.65 per ounce.
Friday’s AM fix was USD 1,275.00, EUR 976.79 and GBP 842.70 per ounce.

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14
Jul
2013

What is the Gold Fix?

 What is the Gold Fix?

To help facilitate trades on the London gold market, the price of gold is "fixed" twice each weekday. The Gold Fix is determined by a five member panel, known as The London Gold Market Fixing Ltd.

The Gold Fix is used to help members of the London Bullion Market Association (LBMA) complete trades. The gold fix sets values in US dollars, British Pounds and Euros, and is used as a benchmark price by most of the world’s markets for bullion and other gold derivatives.

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13
Jul
2013

What is the Spot Gold Price?

What is the Spot Gold Price?

When trading gold bullion, the price is usually governed by the "Spot Gold Price". This is the explicit value at which an ounce of gold is selling for on the "over the counter" market at any given point in time.

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12
Jul
2013

Gold Bullion

Gold bullion is a bulk form of the precious metal used for trading on commodity markets. Gold bullion is usually cast into ingots or coins. 

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12
Jul
2013

Shanghai Gold, Silver Volumes Surge To Records and Premiums Rise As Night Trading Begins

Today’s AM fix was USD 1,275.00, EUR 976.79 and GBP 842.70 per ounce.

Yesterday’s AM
fix was USD 1,280.75, EUR 981.87 and GBP 848.91 per ounce.

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11
Jul
2013

Gold Surges $50 Or 3.3% – Brinks Sees 55% Decline In Gold Inventories In Week

Today’s AM fix was USD 1,280.75, EUR 981.87 and GBP 848.91 per ounce.
Yesterday’s AM  fix was USD 1,252.25, EUR 977.02 and GBP 840.78 per ounce.

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10
Jul
2013

Gold Borrowing Costs Hit Post-Lehman High – Hong Kong Jewellers and Banks Face Supply Issues

Today’s AM fix was USD 1,252.25, EUR 977.02 and GBP 840.78 per ounce.

Yesterday’s AM fix was USD 1,252.00, EUR 972.58 and GBP 840.95 per ounce.

Gold rose $11.90 or 0.9% yesterday and closed at $1,248.40/oz. Silver climbed 0.8% or $0.16 and closed at $19.22.

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